Former White House adviser Stephen Bannon pleaded not guilty to charges of wire fraud and money laundering Thursday, after federal prosecutors in New York announced that Bannon and three others were indicted for allegedly defrauding donors to a $25 million fundraising campaign to build a wall along the southern border.
Bannon, Brian Kolfage, Andrew Badolato and Timothy Shea were arrested Thursday morning. Bannon was taken into custody by agents from the U.S. Postal Service off the coast of Connecticut on a 152-foot yacht registered to exiled Chinese billionaire Guo Wengui. The indictment (which can be viewed here) was unsealed Thursday morning.
Bannon was released on $5 million bond Thursday afternoon, and must forfeit his passport. He can only travel to D.C., Maryland, Connecticut for work, and the Eastern and Southern district of New York.